I’m wondering if credit unions, mortgage bankers or banks provide the best financing and leverage. I just recently did a refinance of 8 homes with a mortgage banking company. I believe what they do is fund the deal then sell it off at a certain point if they do not want to keep it in house.

I also recently did a refinance with a credit union that was very successful. I have not been able to do anything with larger banks as they want so much equity in the property that it does not make much sense as I like to use more leverage.

My question is, on the $2 mil portfolio I am trying to refinance, should I use a a bank, credit union or a mortgage banking type. I am hearing rates from credit unions in the 3.75 percent range and I’m not really interested in paying more than 5 percent. Rates are all over the board.

Any input would be greatly appreciated.